The post Anthony Pompliano’s ProCap Acquires $387M in Bitcoin appeared on BitcoinEthereumNews.com.

ProCap buys 3,724 Bitcoin for $387M to expand digital holdings. Company plans $1B Bitcoin treasury after completing SPAC merger deal. ProCap joins global trend of firms adopting Bitcoin as reserve. Anthony Pompliano’s investment firm, ProCap BTC LLC, has made a major move in the Bitcoin market. The company has bought 3,724 Bitcoin for a total of $387 million. The average purchase price was $103,785 per Bitcoin. ProCap Joins Growing List of Firms Adopting Bitcoin Strategy This announcement follows ProCap’s June 23, 2025, plan to merge with Columbus Circle Capital Corp. I. Once the merger takes place then the company will be called ProCap Financial, Inc. The company is anticipating that the merger will be accomplished at the end of 2025. Because of this acquisition, ProCap has acquired 3,724 Bitcoins on its balance sheet. The acquisition of Bitcoin was by a purchase program. The program is just a component of the larger financial plan where the company is planning to use Bitcoin as a major reserve asset. Besides, ProCap invested the obtained capital in purchasing Bitcoin immediately. This provided exposure to Bitcoin to investors immediately without the investors having to take an ownership of Bitcoin. The business thinks that this will be of value to their shareholders and its financial position. Besides, the move by ProCap is taking place when other companies are also shifting into Bitcoin. As an illustration, recently Parataxis Holdings acquired Bridge Biotherapeutics in South Korea. It was aimed at creating a platform that entailed Bitcoin investment. On a similar note, other companies such as the Metaplanet, Know labs, and the Strategy (previously known as Microstrategy) have also adjusted their balance sheets to the use of Bitcoin. This trend indicates that an increasing number of businesses are appreciating Bitcoin as a clever method of storing value. ProCap is…

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Filed under: News - @ June 25, 2025 3:27 am